Marriott CEO Arne Sorenson Scales Back Duties for Most cancers Cure
Marriott Worldwide Inc.
MAR 1.02{56ef4555b1160ba09e855af6afd9aff20ca1ee0c32187e33609ae0a92f439672}
Main Executive
Arne Sorenson
will cut down his plan above the following handful of months to make it possible for for a more demanding treatment method for pancreatic most cancers, leaving working day-to-working day functions to lieutenants, the business mentioned.
The resort chain in 2019 disclosed that Mr. Sorenson, 62 yrs aged, had been diagnosed with the disease and was starting up remedy. Mr. Sorenson, who remains president, CEO and a board member, will be “directing the enterprise to the extent sensible,” Marriott said Tuesday.
Stephanie Linnartz,
the group president for purchaser operations, technology and rising businesses, will oversee Marriott’s worldwide lodging division, as properly as lawful, human methods, communications and general public affairs, the Bethesda, Md.-based company mentioned.
Tony Capuano,
the group president for world progress, layout and functions solutions, will be in cost of the company’s U.S. and Canada lodging division and finance, it extra. Both of those executives are assuming supplemental tasks on top of their existing work.
“While I have labored through my treatment to day and program to remain as engaged in the organization as my wellness makes it possible for, the proper factor to do for me, my household and the organization is to target on my overall health,” Mr. Sorenson reported. He reported his procedure is currently being dealt with at Johns Hopkins.
Mr. Sorenson led the acquisition of Starwood Resorts & Resorts Globally in September 2016, producing a hotel large with a presence in 130 countries and territories. The enterprise has 30 lodge makes, which includes Sheraton, Ritz-Carlton, Westin, Le Méridien, Courtyard and Aloft.
Mr. Sorenson begun serving in his function in 2012, starting to be Marriott’s 3rd CEO. He was previously the chief functioning officer and held quite a few positions since signing up for Marriott in 1996.
Marriott, which has a portfolio of extra than 7,500 properties, returned to profitability for the September quarter as it minimized fees and journey desire enhanced from lows previously in the Covid-19 pandemic.
The organization is because of to report fourth-quarter success Feb. 18. Analysts polled by FactSet expect Marriott to post earnings of 4 cents a share, compared with 85 cents a share in the identical period a yr earlier. Profits is approximated to tumble to $2.42 billion from $5.37 billion.
—Robb M. Stewart contributed to this posting.
Create to Dave Sebastian at [email protected]
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Appeared in the February 3, 2021, print edition as ‘Marriott CEO Scales Again Obligations for Sickness.’
